Sunday, Apr 08, 2007
London market goes mad
Observer: Mass viewings push up house prices
Estate agents are using a stressful sales tactic as a shortage of homes brings buyer paranoia. In place of conventional, estate agent-guided tours of properties, agents are encouraging vendors to open their doors for just one hour and invite potential buyers to view their home en masse. Such 'mass viewings' are creating an atmosphere of panic among homebuyers. An estate agent says: "'We have found en masse viewings create a competitive spirit between buyers and so considerably maximise offers. Offers come flooding in within hours".
Posted by drewster @ 02:15 PM (158 views) Add Comment
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